New Data Privacy Rules

New Data Privacy Rules

Data privacy. Sounds like a good thing, but many businesses with customers or clients across the U.S. and Europe must now give the topic a lot more attention than before. In the U.S., California (see the California Consumer Privacy Act) and Massachusetts (see the Fair...
While We Wait

While We Wait

Sometimes “topics” are “trending” and we do not even know why.  The current you-know-what pandemic may affect business owners, employees and investors whose transactions are “in the works”.  What may happen to those pending deals? One or more parties may get cold-feet...
Why “50-50” Makes Lawyers Nervous

Why “50-50” Makes Lawyers Nervous

In many parts of life, an even split is a symbol of trust and fairness. “Even-Steven”. “One for all and all for one”.  So why do business lawyers dislike 50-50 governance and ownership in corporations and LLCs?  The answer is: deadlock.  If two shareholders cannot...
Best Efforts in Commercial Contracts

Best Efforts in Commercial Contracts

“Best Efforts” in Contracts In a commercial transaction, the contract parties make certain promises to each other about the way things are and about what they will do in the future.  Some examples:  “I promise to obtain the software license by the end of the year.”...